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Apr 17, 2012
04/12
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WJZ
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rule on taxes. yesterday's vote was 51-45. the measure would force the nation's top earners to pay at least 30% of their income in taxes. the president denounced the vote saying, quote, it's just plain wrong that millions of middle-class americans pay a higher share of their income in taxes than some millionaires and billionaires. campaigning at a tea party tax summit in philadelphia yesterday, mitt romney said the buffett rule was not worthwhile. >> this buffett rule -- [ booing ] >> someone calculated, by the way, that the taxes he would raise with this buffett rould would pay for 11 hours, for 11 hours of the government, all right? this is not exactly grand idea. >> according to the nonpartisan tax policy center, americans making over $1 million a year paid an average of 25% in taxes last year. >>> oversea, a powerful and long-lasting earthquake struck central chile late last night. the magnitude 6.7 quake hit minutes before moment, was centered 30 miles from the port city and was felt in the cap
rule on taxes. yesterday's vote was 51-45. the measure would force the nation's top earners to pay at least 30% of their income in taxes. the president denounced the vote saying, quote, it's just plain wrong that millions of middle-class americans pay a higher share of their income in taxes than some millionaires and billionaires. campaigning at a tea party tax summit in philadelphia yesterday, mitt romney said the buffett rule was not worthwhile. >> this buffett rule -- [ booing ]...
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Sep 21, 2012
09/12
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FOXNEWSW
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eye 176
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here is a look at how that come pears to president obama's taxes. the white house says he and the first lady made almost $800,000, paid a rate of 20.5% and gave 22% of their income to charity. the romney's percentage 30% to charity. but the trustee who handles the romneys investments tell us they only claimed a deduction for half of their donations so that they could keep their tax rate above 13%. here is the quote. the romneys thus limited their deduction to conform to the governor statement in august based upon the january estimate of income that he paid at least 13% income tax federally in each of the last ten years. well, democrats have been demanding he prove that by releasing more returns. tonight the trustee tells us that from 1990 to the year 2009 the romneys average annual rate of federal taxation was 20%. and the lowest rate he ever paid according to the trustee 13.66%. tonight the obama campaign responds saying why does mitt romney just -- why doesn't he just release the full returns instead of the bare summary he provided for the last 20
here is a look at how that come pears to president obama's taxes. the white house says he and the first lady made almost $800,000, paid a rate of 20.5% and gave 22% of their income to charity. the romney's percentage 30% to charity. but the trustee who handles the romneys investments tell us they only claimed a deduction for half of their donations so that they could keep their tax rate above 13%. here is the quote. the romneys thus limited their deduction to conform to the governor statement...
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Apr 17, 2012
04/12
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KNTV
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eye 157
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president obama denounced the vote. republicans had called the measure a political ploy. nbc's steve handelsman reports. >> reporter: democrats pushed a tax hike on millionaires. >> they can afford to shoulder their fair share of the burden to make this country prosper. >> reporter: but republicans charged, it's not about fairness, it's a gimmick to get votes. >> it's shown the president is actually more interested in misleading people than he is in leading. >> reporter: and republicans blocked senate consideration. polls show the plan, backed by president obama and his billionaire buddy, warren buffett, is popular with voters, the buffett rule, to tax families making $1 million a year at least 30%, 433,000 u.s. households. it would raise just $47 billion in ten years. >> one week's interest on our $15 trillion national debt, that's it. >> reporter: but it makes the point that mitt romney is mega rich. he was at a red sox game, expecting to pay just 15% in taxes on $21 million in 2011 income, half the buffett rule rate. last weekend, romney was overheard by reporters reve
president obama denounced the vote. republicans had called the measure a political ploy. nbc's steve handelsman reports. >> reporter: democrats pushed a tax hike on millionaires. >> they can afford to shoulder their fair share of the burden to make this country prosper. >> reporter: but republicans charged, it's not about fairness, it's a gimmick to get votes. >> it's shown the president is actually more interested in misleading people than he is in leading. >>...
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Dec 6, 2012
12/12
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MSNBCW
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he told cnbc that instead of continuing tax breaks for the wealthy, the obama administration is willing to go over this cliff which means they're willing to let your taxes go up and unemployment checks go away massive spending cuts happen if the pentagon instead of continuing the tax breaks for the wealthy. now there's been very little progress here on chiapitol hill which is why so many have gone home. we know that president obama and john boehner spoke by phone. republican sources telling us they had a conversation yesterday. we don't have a readout on what that was about. we don't know that if any meetings have been scheduled. but any small sign of progress is welcome here on capitol hill. now with so many lawmakers headed home and likely to face the ire of their constituents, we saw one protester in baltimore yesterday over social security. there are a few left. today there's a joint economic committee hearing. they're going to hear from a top economist not only about the jobs numbers coming out tomorrow but also about what can be done to avoid this issue at the end of the year. >>
he told cnbc that instead of continuing tax breaks for the wealthy, the obama administration is willing to go over this cliff which means they're willing to let your taxes go up and unemployment checks go away massive spending cuts happen if the pentagon instead of continuing the tax breaks for the wealthy. now there's been very little progress here on chiapitol hill which is why so many have gone home. we know that president obama and john boehner spoke by phone. republican sources telling us...
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people working for the media have been killed in iraq most of them where iraqi victims of executions obama tax from al qaeda and other terrorist groups in minutes but the journalism all over the world is considered the king of the professions. in iraq it's called a disastrous profession or a deadly profession. because wherever journalist goes death is always lurking within. the us it is an obvious one will it be a one shot on the theory. that are you know that. i know. what. i do. for you recchi journalists reporting and surviving on dramatically connect. the shocking thing is that i've seen that the person who. can make this explosion or his as a pleasure was in my jacket and then afterward i have notes that i've been injured in my hand but. i was worried for my assistant because his brother also killed and. in those days by some killers you know the sad thing in this point that my cameraman. was safe in this accident he got killed after six months in his place in his home. many iraqi journalists lost their lives because their killers did not agree with their views and as a tragic result
people working for the media have been killed in iraq most of them where iraqi victims of executions obama tax from al qaeda and other terrorist groups in minutes but the journalism all over the world is considered the king of the professions. in iraq it's called a disastrous profession or a deadly profession. because wherever journalist goes death is always lurking within. the us it is an obvious one will it be a one shot on the theory. that are you know that. i know. what. i do. for you...
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Sep 12, 2012
09/12
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MSNBC
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he's spending $100 million in 2012 could benefit to the tune of $2 billion from the tax breaks romney proposed. >>> conservative talk show hosts, including rush limbaugh are blasting the gop saying a third party could rise. if romney can't beat president obama the entire republican party should be shut down. >>> jay-z and beyonce will host a fund-raiser. they will welcome 100 donors paying $40,000 a ticket. >>> speaking of partying, politico shows photographs of president obama as what might be called beer drinker in chief. now, several brewers announced they will produce batches of the white house ales being made at 1600 pennsylvania avenue. they plan to sell it under the name president honey ale. that's your morning dish of scrambled politics. here is your first look at how wall street will kick off the day. the dow closed at 13,323 after gaining 69 points yesterday. the s&p was up four and nasdaq up a fraction. tokyo, the nikkei moved 152 points while in hong kong the hang seng jumped. >>> here at home, the dow hit the highest level in nearly five years tuesday. energy, industrials
he's spending $100 million in 2012 could benefit to the tune of $2 billion from the tax breaks romney proposed. >>> conservative talk show hosts, including rush limbaugh are blasting the gop saying a third party could rise. if romney can't beat president obama the entire republican party should be shut down. >>> jay-z and beyonce will host a fund-raiser. they will welcome 100 donors paying $40,000 a ticket. >>> speaking of partying, politico shows photographs of...
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100
Nov 8, 2012
11/12
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KQED
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eye 100
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after all many investors believe president obama's tax policies will hurt corporate profits. on top of that there's the likelihood of more regulation in the president's second term. those concerns were evident in selling today of energy, banking and healthcare stocks. a quick look at the price board at the new york stock exchange is a good barometer for the worrywarts out there. wall street veteran teddy weissberg says many investors are just plain upset. >> there was an expectation that we would have some change and a change in the policies. and, i think with obama getting re-elected there are a lot of folks that are not happy, and we're kind of seeing that in the stock market. >> reporter: but, others say it's not just the disappointment of romney's loss, it's that the fiscal cliff now looms large on wall street. >> i think the big issue right now is the fiscal cliff, now that the election is behind us everyone is really focusing on what's going to happen at the end of this year, and of course if nothing's done by the end of the year that may very well mean a recession as e
after all many investors believe president obama's tax policies will hurt corporate profits. on top of that there's the likelihood of more regulation in the president's second term. those concerns were evident in selling today of energy, banking and healthcare stocks. a quick look at the price board at the new york stock exchange is a good barometer for the worrywarts out there. wall street veteran teddy weissberg says many investors are just plain upset. >> there was an expectation that...
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Jun 8, 2012
06/12
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WUSA
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cuts, the obama tax cuts, go away, there is going to be a direct impact on economic growth and job creation? >> i'm looking not just to the taxes, but also the seques fer and the end of the pay -- sequester and the end of the payroll tax, yes. >> the fed is ready to boost the economy, but he gave no hints if they have any immediate plans to intervene. >>> 9 wants you to know about a major development in a 9news investigation we've been working on. that is a judge has sentenced richard kim. he is the owner of town square market in northwest dc convicted last month of selling alcohol to a minor. the judge has given him a 30-day sus pinneded jail sent -- suspended jail sentence, 24 months of unsupervised probation and 20 hours of community service. after today's sentencing, we spoke with ken via his translay tore. >> i -- translate tore. >> i regret hoping the store. >> next month dc alcohol control board is going to decide whether the owner keeps his liquor license after this conviction. >>> phone calls can kill. that message comes from the head of the federal transportation department ray la
cuts, the obama tax cuts, go away, there is going to be a direct impact on economic growth and job creation? >> i'm looking not just to the taxes, but also the seques fer and the end of the pay -- sequester and the end of the payroll tax, yes. >> the fed is ready to boost the economy, but he gave no hints if they have any immediate plans to intervene. >>> 9 wants you to know about a major development in a 9news investigation we've been working on. that is a judge has...
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what about the white house momentum could be lost because of joe biden obama biden want to raise taxes by $1 billion. guess what? yes we do we want to let the $1 trillion tax cut expire so the middle-class does not have to bear the burden. charles: mitt romney does not waste any time. >> is today the president said they do want to raise taxes. i don't want to raise them on any americans. i want to create good jobs. charles: mondex guess says the higher tax rates will lead to higher unemployment rates. with class warfare it does not matter the residual damage they're going with this. hoping the public cannot connect the dots? >> it will be interesting hallwood joe biden follows up. $1 trillion tax hike where we want to go. four years ago they told us no tax increases on 81 making less than $250,000. the economy is languishing worse where looking for more tax hikes and four years ago it was zero tax hikes? we have all been hit now we know how the middle-class and people will be affected. obamacare has at least seven pin tax hikes and 30 more on top of that. charles: we discover a couple
what about the white house momentum could be lost because of joe biden obama biden want to raise taxes by $1 billion. guess what? yes we do we want to let the $1 trillion tax cut expire so the middle-class does not have to bear the burden. charles: mitt romney does not waste any time. >> is today the president said they do want to raise taxes. i don't want to raise them on any americans. i want to create good jobs. charles: mondex guess says the higher tax rates will lead to higher...
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150
Nov 16, 2012
11/12
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FBC
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eye 150
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if you wait until next year and president obama wants you to pay 23.5% capital gains tax. same store with dividends. not that that applies to apples but the capital gains tax avoidance is creating this selling wave for apple known. nicole: that is exactly right. when you are talking about stocks where you see a nice run-up in gains and apple is one of them and apple is a household name you don't need to be reading the report, if you are excited about a new product and go to the store and see the line about side you know it is a hot stock. stuart: we have been hovering this for years. thank you very much. back to the opening bell with you. as we said the rich are cashing out. all kinds of people are cashing out of assets which of gone up in value to take advantage of lower tax rate this year. how about selling mansions? luxury homes? are they doing that? joining us this team investment, a frequent real-estate guide on "varney and company". is my basic premise right? are not necessarily just rich people, but money in the housing market selling now, the lower capital gains ta
if you wait until next year and president obama wants you to pay 23.5% capital gains tax. same store with dividends. not that that applies to apples but the capital gains tax avoidance is creating this selling wave for apple known. nicole: that is exactly right. when you are talking about stocks where you see a nice run-up in gains and apple is one of them and apple is a household name you don't need to be reading the report, if you are excited about a new product and go to the store and see...
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167
Jul 10, 2012
07/12
by
WJLA
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eye 167
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he opposes obama is a plan limiting the tax breaks and it should be extended for everyone regardless of income. we could have another day of complex storms all across the area but no record heat. adam caskey has a look now at the forecast. >> we will look at a few showers in place of the record heat. they will be few and far between. we will take a look at super doppler 7 in the second period on the weatherbug network, not bad. 81 in winchester. 81 in woodstock. in arlington, a little bit warmer at 88. a mixture of sun and clouds and a 20% chance of a shower. that is 20% of our actual viewing area for this afternoon. here is your travel forecast. 88 in oklahoma city. no triple digit heat anywhere on that map. more in the seven-day coming out. >> planes will soon take to the sky to get a better idea of where exactly the fault lines are in virginia. they will be mapping the fault lines which caused that earthquake that struck back in august that caused damage in the district and parts of the natural -- national cathedral and cracking the washington monument. the low-flying planes shoul
he opposes obama is a plan limiting the tax breaks and it should be extended for everyone regardless of income. we could have another day of complex storms all across the area but no record heat. adam caskey has a look now at the forecast. >> we will look at a few showers in place of the record heat. they will be few and far between. we will take a look at super doppler 7 in the second period on the weatherbug network, not bad. 81 in winchester. 81 in woodstock. in arlington, a little bit...
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Apr 17, 2012
04/12
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MSNBCW
tv
eye 202
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president obama denounced the vote. republicans had called the measure a political employ. nbc's steve handelsman reports. >> reporter: democrats pushed a tax hike on millionaires. >> they can afford to shoulder their fair share of the burden to make this country prosper. >> reporter: but republicans charged it's not about fairness, it's a gimmick to get votes. >> it's shown the president is actually more interested in misleading people than he is in leading. >> reporter: and republicans blocked senate consideration. polls show the plan backed by president obama and his billionaire buddy, warren buffett is popular with voters. the buffett rule. to tax families making $1 million a year at least 30%. $433,000 u.s. house-holds, it would raise just 47 billion in ten years. >> one week's interest on our $15 trillion national debt, that's it. >> but it makes the point that mitt romney is megarich. he was at a red sox game today. expecting to pay just 15% in taxes. on $21 million, in 2011 income. half the buffett rule rate. last weekend, romney was overheard by reporters revealing
president obama denounced the vote. republicans had called the measure a political employ. nbc's steve handelsman reports. >> reporter: democrats pushed a tax hike on millionaires. >> they can afford to shoulder their fair share of the burden to make this country prosper. >> reporter: but republicans charged it's not about fairness, it's a gimmick to get votes. >> it's shown the president is actually more interested in misleading people than he is in leading. >>...
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108
Jan 28, 2012
01/12
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FOXNEWS
tv
eye 108
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we need a reagan and not a obama . how much tax does google pay. why do you think that that is true. because google is friendly with the administration. how about general electric? i mean look at crony capitalism that is appalling and driven by this president. look at the gas taxs and we pay out more money for our il that they get in profits. >> we have a president who want to fund fannie mae and fred mack . at the same time blocks prived invest key stone pipe line. and that is private capitol at risk that he blocks. this is a president that sits in washington and decides what company and what industry should prosper. this is the slowest economic recovery. >> i am inspired by people who persevere. you know who survive and find a way to survive. >> and there is no one who perseveres like neil cavuto. he will be covering the florida primary. and special guests include herman cain and line market reaction. we know that catherine herks eigel will be watching. you should, too. 7:00 eastern time. >> coming up. what they call around the clock without extr
we need a reagan and not a obama . how much tax does google pay. why do you think that that is true. because google is friendly with the administration. how about general electric? i mean look at crony capitalism that is appalling and driven by this president. look at the gas taxs and we pay out more money for our il that they get in profits. >> we have a president who want to fund fannie mae and fred mack . at the same time blocks prived invest key stone pipe line. and that is private...
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321
Aug 5, 2012
08/12
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WJLA
tv
eye 321
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the siness community is eager to see tax reform and the obama administration continue e the tax cuts. what is your take onith this issue stands now? >> i think what congress has chosen to do with kicking the can down the roador a that a bitonger -- that is unfortunate ding we elected as president and members ofof congress to make tough decisions. th is nonot always protecting your friends.. when you look at tax rebates and all the things that you just described i am all for rebates but there should be an economic benefit. what is the return? i am disappointed. i am not surprised. but i am very disappointed that this is the patthey h have chosen. >> let's talk about the looming threat of sequestration. you have written about different prlems that this presentsts, but is there any solution? >> i i think there is a view that this will be sorted out in november. we will remain at this standoff pimping pepeople are saying that key is to lead the economy -- at this sndoff. people are saying that the key is to lead the economy off the cliff. i imagine a lot of business owneners would prefer
the siness community is eager to see tax reform and the obama administration continue e the tax cuts. what is your take onith this issue stands now? >> i think what congress has chosen to do with kicking the can down the roador a that a bitonger -- that is unfortunate ding we elected as president and members ofof congress to make tough decisions. th is nonot always protecting your friends.. when you look at tax rebates and all the things that you just described i am all for rebates but...
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obama and romney is that obama will be slightly more aggressive in terms of raising taxes especially on the wealthy but when it comes to spending cuts i don't think that there's going to be that big a difference over the near term between obama and romney so over the near term i think that when you look at stimulus or stimulative activity actually obama's slightly less stimulative in that sense than romney would be because i don't believe that romney is going to cut and i don't think the republicans in congress want him to cut because they know that that would lead to recession and that would be bad for the republican party so what instead they would do in order to keep their bona fides cutter's is look to the longer term that is so security and medicare so you're saying it's a calculated kind of political interest because then they can preserve things now and they can sabotage the future or cut from the future i don't know if i would use the term sabotage but i did our job because there is that there is a there is a sound obvious argument to be made for cutting long term spending an
obama and romney is that obama will be slightly more aggressive in terms of raising taxes especially on the wealthy but when it comes to spending cuts i don't think that there's going to be that big a difference over the near term between obama and romney so over the near term i think that when you look at stimulus or stimulative activity actually obama's slightly less stimulative in that sense than romney would be because i don't believe that romney is going to cut and i don't think the...
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Dec 31, 2012
12/12
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MSNBCW
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it's that president obama has retreated on his hard line on taxes. obama may think his conciliatory approach has helped avoid economic chaos. instead, he is courting it." i want to go right to jimmy williams because you have been a senate staffer. you understand how this thing works. why would the white house even bother to increase from 250,000 to 400,000. they don't really have to. they're winning this fives fight. >> the only people that actually care whether or not the threshold is 250,000 to 400,000 are these people that are going to vote on it. nobody else really cares. all they really care is that you get a deal. these people are sitting at ground zero. these snores, these liberals. i'm a liberal. i don't care what the thereby hold is. i don't give a damn if it's a million. i just want them to get a deal or go over the cliff, but somebody just make up your mind up on capitol hill. that's what the american people would like to hear. here's the bottom line. even if they do get a deal at 450,000 or 500,000 or whatever that number is, barack obama
it's that president obama has retreated on his hard line on taxes. obama may think his conciliatory approach has helped avoid economic chaos. instead, he is courting it." i want to go right to jimmy williams because you have been a senate staffer. you understand how this thing works. why would the white house even bother to increase from 250,000 to 400,000. they don't really have to. they're winning this fives fight. >> the only people that actually care whether or not the threshold...
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250
Mar 24, 2012
03/12
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FOXNEWSW
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eye 250
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right now with tax and regulatory, i don't think so . even the liberal steve jobs, told president obama in his dying days that things will have to be fixed. >> that is victoria quoting from the book. steve jobs said in comparing the u.s.. ease of doing business with china, companies can build factories in china compared to the united states where regulation and unnecessary costs make it difficult for them . even steve jobs is saying to president obama make it easier to do business in the u.s.. >> it is an amazing thing coming from a guy who lived in a commune and walked around silicon valley bare foot. >> yes, exactly. and that message to obama is granted there are issues with the factories in china. we are all well away of them. they turned out to be bogus. it doesn't mean al of the issues are bogus. we can get the iphones and ipad. apple can go to the most efficient route for labor and create the devices in the cheapest way possible. that's why we have these devices. it is a testament that we allow companies to pull labor from all over
right now with tax and regulatory, i don't think so . even the liberal steve jobs, told president obama in his dying days that things will have to be fixed. >> that is victoria quoting from the book. steve jobs said in comparing the u.s.. ease of doing business with china, companies can build factories in china compared to the united states where regulation and unnecessary costs make it difficult for them . even steve jobs is saying to president obama make it easier to do business in the...
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220
Dec 31, 2012
12/12
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CNBC
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remember, we go back -- the bush tax cuts disappear and you add the obama care tax increases. so they're taking the top rate not to 39.6, but to 43.4 for half of all small business income in the country. and people at high income earners of the united states. add to that the 35% corporate income tax and the increases in cap gains. it's a very damaging tax increase that may well be taking effect. >> it's a very difficult position. the members of the gop that have signed your pledge now find themselves in. because either they break the pledge now, which is what appears to be happening, and they acquiesced to these higher tax rates, or we go over the fiscal cliff, or the taxes go higher, and effectively, the democrats could steal your clothes, your political clothes. they could then talk about cutting taxes from those elevated levels. we assume we'll talk about the obama tax cuts and the bush tax cuts, will long since have died. that's a very difficult situation for your guys. >> well, it would be, except the taxpayer protection pledge is not made to me, it's made to the american
remember, we go back -- the bush tax cuts disappear and you add the obama care tax increases. so they're taking the top rate not to 39.6, but to 43.4 for half of all small business income in the country. and people at high income earners of the united states. add to that the 35% corporate income tax and the increases in cap gains. it's a very damaging tax increase that may well be taking effect. >> it's a very difficult position. the members of the gop that have signed your pledge now...
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Mar 7, 2012
03/12
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CNNW
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he challenged then candidate obama's tax plan. >>> an opposition group says at least 25 people were killed today in street fighting across syria. most of them in the city of homs. at the same time, we're hearing that aid workers from the syrian red crescent finally managed to enter neighborhoods and homes where the fighting is the worst. they brought in one doctor, some food and some blankets. >>> the u.s. defense secretary does not want to get involved in syria right now. that's despite pressure from some senior senate republicans to end this conflict militarily. senator john mccain today demanded to know from leon panetta how many more syrians and civilians have to die before u.s. forces intervene. >> how many more have to die? 10,000 more, 20,000 more, how many more? >> i think the question, as you stated yourself, senator, is the effort to try to build an international consensus as to what action we do take. that makes the most sense. what doesn't make sense is to take unilateral action at this point. as secretary of defense, before i recommend that we put our sons and daughters in uni
he challenged then candidate obama's tax plan. >>> an opposition group says at least 25 people were killed today in street fighting across syria. most of them in the city of homs. at the same time, we're hearing that aid workers from the syrian red crescent finally managed to enter neighborhoods and homes where the fighting is the worst. they brought in one doctor, some food and some blankets. >>> the u.s. defense secretary does not want to get involved in syria right now....
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Jan 25, 2012
01/12
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WMPT
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romney immediately went on the offensive, charging president obama's policies on taxes and the economy would lead to more debt, decline and disappointment. for his part, president obama will argue in tonight's state of the union address the tax system is stacked against middle class americans. and to make his point, mr. obama is bringing along a special guest. darren gersh reports. >> reporter: debbie bosanek is about to become berkshire hathaway's second-most famous employee. the reason? she is the new face of the "buffett rule," which holds a billionaire like warren buffett should not pay a lower tax rate than his secretary, debbie bosanek. to drive the point home, bosanek will be sitting in a place of honor with the first lady at tonight's state of the union speech. >> the president believes it is not fair, inherently not fair that those who are millionaires and billionaires pay at a lower rate than average americans who are struggling to get by. >> reporter: the issue took on new urgency as mitt romney released his tax returns. showing he earned more than $42 million over the last
romney immediately went on the offensive, charging president obama's policies on taxes and the economy would lead to more debt, decline and disappointment. for his part, president obama will argue in tonight's state of the union address the tax system is stacked against middle class americans. and to make his point, mr. obama is bringing along a special guest. darren gersh reports. >> reporter: debbie bosanek is about to become berkshire hathaway's second-most famous employee. the reason?...
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176
Dec 3, 2012
12/12
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MSNBCW
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eye 176
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there's $1 trillion of obama care taxes hitting in the next several years, many of them major taxes. if you have a flexible savings account on january 1 -- this isn't the fiscal cliff. this is what obama has already baked into the cake. your flexible savings account will be trashed by taxes. millions of special needs families will find their taxes go up. if you're really sick, you can't deduct as much of your health care costs as you used to. these are all the ways that obama's raising taxes, $1 trillion, $1.1 trillion, over the next decade. five major taxes. his new taxes are not off the table. they hit directly into the middle class. medical devices. when you go to the hospital, medical devices like riding in a wheelchair will get more expensive because of this tax. i mean, these taxes are damaging. he wants to make them permanent. >> i think grover knows that the major source of additional taxes is part of the affordable care act is asking higher income individuals over $250,000 to pay higher capital gains and more on their medicare contribution. that was the bulk of the taxes. so
there's $1 trillion of obama care taxes hitting in the next several years, many of them major taxes. if you have a flexible savings account on january 1 -- this isn't the fiscal cliff. this is what obama has already baked into the cake. your flexible savings account will be trashed by taxes. millions of special needs families will find their taxes go up. if you're really sick, you can't deduct as much of your health care costs as you used to. these are all the ways that obama's raising taxes,...
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May 7, 2012
05/12
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CSPAN3
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the obama administration asked congress to rubber-stamp. then the president insisted that he would not accept a debt ceiling deal that did not include a large tax increase for families and businesses. all of this work was made more difficult by the fact that the senate failed to pass a budget again. nevertheless, both parties came together to avoid defaulting on the government's obligations. we succeeded in protecting hard working taxpayers by securing a debt limit increase that contained zero tax hikes. instead we established caps on discretionary spending achieving a minimum of approximately $917 billion in savings over 10 years. we established a joint select commit tee produce at least $1.2 trillion in additional deficit reduction. despite a good faith effort to avoid sequester the committee's negotiations broke down over fundamental differences and visions for our nation's future. in our view, we shouldn't be taking more from hard working americans to fix washington's mistakes. instead, we should be solving the problem of structural ref
the obama administration asked congress to rubber-stamp. then the president insisted that he would not accept a debt ceiling deal that did not include a large tax increase for families and businesses. all of this work was made more difficult by the fact that the senate failed to pass a budget again. nevertheless, both parties came together to avoid defaulting on the government's obligations. we succeeded in protecting hard working taxpayers by securing a debt limit increase that contained zero...
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May 27, 2012
05/12
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WUSA
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>> obama spent his whole life in tax supported institutions. he knows nothing -- >> does biden have any executive experience in. >> no, and obama experience is from -- his friends. he has been in universities -- [overlapping speakers] he's got no private sector experience! >> claim to fame of romney is executive experience in the area of business. >> and government! >> and government! and its current state. >> obama has terrible relations with the congress. he can't know how to deal with these people to establish relationships. >> he can't talk in economic terms? >> no. there was a story front page story in the new york times. help hadn't had a meeting with mitch mcconnell the first 18 months of offers. >> the have truth is there aren't many mention of congress who do have very much experience in the economic sector and financial sector. >> and romney does. >> this might be just what the country needs! we never had a ceo as president of the united states! >> what we need is someone who understands macroeconomics. >> and willing to pare things b
>> obama spent his whole life in tax supported institutions. he knows nothing -- >> does biden have any executive experience in. >> no, and obama experience is from -- his friends. he has been in universities -- [overlapping speakers] he's got no private sector experience! >> claim to fame of romney is executive experience in the area of business. >> and government! >> and government! and its current state. >> obama has terrible relations with the...
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Aug 24, 2012
08/12
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CNBC
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higher taxes than that. he wants the obama taxes. >> the top tax rate he's proposing is 39.6%. you know that. >> no. he doesn't want to go back to the tax codes. he wants the rate to 45% and a 4% investment tax. he'll tack it on top. >> let me go to keith. a lot of people are expanding the epa, environmental protection agency, to stop the fracking and so forth, to expand the national labor relations board and unionize all the new health care workers coming to obama care. do you think obama won't force the agencies and have them make policy to run this economy? do you think so? >> the wall street journal has verified it. bill clinton will be speaking at the democrat yuck national convention in charlotte. he'll make the case for why president obama is following along in the same policies he advocated. [ laughter ] >> yes, he will. thirdly, you mentioned larry the wall street journal portion op-ed from mitt romney today. if you see a problem you have to run to it. that's the opposite of what mitt romney has been doing. he's been running away from bain, his tax returns, the todd ak
higher taxes than that. he wants the obama taxes. >> the top tax rate he's proposing is 39.6%. you know that. >> no. he doesn't want to go back to the tax codes. he wants the rate to 45% and a 4% investment tax. he'll tack it on top. >> let me go to keith. a lot of people are expanding the epa, environmental protection agency, to stop the fracking and so forth, to expand the national labor relations board and unionize all the new health care workers coming to obama care. do...
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Dec 31, 2012
12/12
by
FBC
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from now on they will be the obama middle class tax cuts. do you believe that? >> well, don't forget the obama signed extension of these very tax cuts two years ago and said you don't raise taxes in the middle of a recession. we estimate a million small businesses will see their taxes go up. i can't find a single maul business owner that says if you raise my taxes i will hire more people. we should talk about growth and opportunity. there are three strikes against the plan as i see it. it will raise taxes. possibly put off any spending cuts. david: you're not answering the question. do you think the president, as a political tactic wants to go off the fiscal cliff so he can come in as a tax cutter? >> oh, i think he does. he wants more revenue. whether he wants to cut those taxes when he is done. when you're running 1.3 trillion dollar deficits you got to have more revenue if you're going to shrink that deficit. liz: gentlemen, why is it okay if george bush wanted to cut taxes and not if president obama wants to cut taxes? at a certain point nobody loves taxes.
from now on they will be the obama middle class tax cuts. do you believe that? >> well, don't forget the obama signed extension of these very tax cuts two years ago and said you don't raise taxes in the middle of a recession. we estimate a million small businesses will see their taxes go up. i can't find a single maul business owner that says if you raise my taxes i will hire more people. we should talk about growth and opportunity. there are three strikes against the plan as i see it. it...
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Aug 31, 2012
08/12
by
KPIX
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they're also paying attention to romney's and president obama tax policies. anthony mason compared them. to see how they would affect the middle class. >> in middletown, ohio, deanna and terry shores consider themselves and their two boys a typical middle class family. >> what would be the difference between a report and essay? >> deanna teaches english at miami university. terry teaches middle school. both have masters degrees. >> we're middle class, two professional homes. we thought it would look a certain way and be a certain way. >> do you feel like the middle class actually gets lost in the middle? >> we kind of get looked at as well, they're doing okay and we're not. we're struggling to maintain the notion of america. >> on the streets of middletown, the signs of that economic struggle are everywhere. back in 1957, look magazine gave middletown it's all america city award. but a lot has changed. 50 years later, forbes magazine ranked it one of america's fastest dying towns. >> as businesses have left, the poverty rate has soared here. and the american
they're also paying attention to romney's and president obama tax policies. anthony mason compared them. to see how they would affect the middle class. >> in middletown, ohio, deanna and terry shores consider themselves and their two boys a typical middle class family. >> what would be the difference between a report and essay? >> deanna teaches english at miami university. terry teaches middle school. both have masters degrees. >> we're middle class, two professional...
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Jul 11, 2012
07/12
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FOXNEWS
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earlier we look at tax fairness relating to president obama's intention to let tax cut expire. for high income earner. there are other ways to raise revenue, robin hood tax. those stories and more will be on the home page at foxnews.com/specialreport. just click the video tap at the top of the home page to see them. >>> up next, we will talk about the trends of cities going broke all over the country. the fox all-stars with a new member join me when we return. you'll inevitably find yourself on aolate highway in your jeep grand cherokee. and when you do, you'll be grateful for the adaptive cruise control that automatically adjusts your speed when approaching slower traffic. and for the blind spot monitoring that helps remind you that the highway might not be as desolate... ...as you thought. ♪ you're entered for a chance to win a trip to the olympic gam for life. to cheer the summer athletes to new heights, starting in 2016... as you experience every moment, every emotion, every four years... for the rest of your life. visa. supporting athletes and the olympic games for 25 ye
earlier we look at tax fairness relating to president obama's intention to let tax cut expire. for high income earner. there are other ways to raise revenue, robin hood tax. those stories and more will be on the home page at foxnews.com/specialreport. just click the video tap at the top of the home page to see them. >>> up next, we will talk about the trends of cities going broke all over the country. the fox all-stars with a new member join me when we return. you'll inevitably find...